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Europe: +44 (0) 207 198 1634 Equities and the Economy Good morning. U.S equities snapped their seven day winning streak with the Dow and S&P 500 finishing marginally lower. The former fell 50 points to 17,082 and the latter 14 to 2,003 (but importantly above support of 2,000). The Nasdaq took it on the chin, however, falling 42 points, 0.87%, to […]
Equities and the Economy Just like Columbus discovering America (ok, I know that’s debatable), U.S. equities discovered a way to finish for a higher for a 7th consecutive session despite both the banks and bond market being closed. After climbing more than 600 points last week, or nearly 4%, investors resumed their buying yesterday. The […]
Equities and the Economy It was a choppy session Friday but U.S. managed to eke out gains with the Dow closing up 34 points at 17,084, the S&P 500 up 1 to 2,105 and the Nasdaq performing the best adding 20 points to 4,830. It was a very, very good week amigos! The S&P logged […]
Equities and the Economy Good morning. U.S. equities continued their recent surge higher yesterday this time getting a boost from the minutes from the Federal Reserve’s September meeting which were released yesterday. The Dow gained a very nice 138 points, 0.8%, finishing at 17,051, the S&P 5000 added 18, 0.9%, to 2,013 and the Nasdaq […]
Equities and the Economy Good morning. U.S. equities continued their rally from their test last Friday of the August 24th “flash crash” low with the Dow adding another 122 points, 0.73%, closing at 16,912, the S&P 500 added 16, 0.81%, finishing at 1,996 and the Nasdaq climbed 43, 0.90%, to 4,791. Yesterday’s higher close was […]
Equities and the Economy After a ten day wild roller coaster ride U.S. equities took the day off yesterday with all the major indexes not doing much. While the Dow closed 14 points higher at 16,790, the S&P 500 and Nasdaq closed lower. The former lost 7 points ending at 1,980 and the latter fell […]
Equities and the Economy Good morning. Rally on, baby, rally on! Yesterday the Dow scored its biggest daily rise in about a month jumping more than 300 points and the S&P 500 finished with gains for the 5th consecutive session, its longest winning stretch since last December. When the bell rang ending the day the […]
Equities and the Economy Good morning. Crazy is an understatement for Friday’s price action! So how crazy was it??? Friday was the most volatile single day for the S&P 500 and Dow in four years, specifically, October 4, 2011! And the great news was that it was for the good! Early in day after the […]
Equities and the Economy As I suspected and mentioned in Wednesday’s Morning Energy Report, U.S. equities were lackluster yesterday with Dow falling 13 points to 16,272, the S&P 500 inching up 4 to 1,924 and the Nasdaq 7 to 4,627. The numbers at the closing bell were all chatter but intraday traders really tried hard […]
Equities and the Economy HOORAY! Finally a good day for equities. No, check that. A great day! Following big gains in Asia equities, U.S. stocks closed out Q3 hugely higher with the Dow gaining a hefty 236 points, 1.47%, closing at 16,285, the S&P 500 climbing 36, 1.91%, to 1,920 and the Nasdaq led all […]
